Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $681 | $863 | $1,190 | $1,563 | $2,083 |
| Gross Profit | $416 | $541 | $729 | $955 | $1,241 |
| Operating Income | -$14 | -$168 | $93 | $155 | $59 |
| Net Income | -$2 | -$60 | $147 | $174 | $377 |
Over the past five years, Axon Enterprise, Inc. has exhibited robust top-line growth with revenue expanding from USD 681 million in 2020 to over USD 2082 million in 2024—a compound annual growth that consistently exceeds 25% year-over-year. Gross profit followed a similar upward trend, growing from USD 416 million in 2020 to USD 1241 million in 2024, which indicates that the company has been efficiently scaling its core operations despite margins possibly fluctuating due to varying cost dynamics. Notably, the company initially faced operating losses in 2020 and 2021, with operating income declining further from a small negative figure (-USD 14 million in 2020) to -USD 168 million in 2021. However, a marked turnaround occurred in 2022 when operating income shifted to a positive USD 93 million, signaling improvements in cost control or operational leverage amid rapid revenue growth. A closer look at operating performance shows a significant year-over-year swing from 2023 to 2024, with operating income falling from USD 155 million to just USD 59 million despite revenue still growing at approximately 33%. In contrast, net income not only turned positive starting in 2022 but also more than doubled from USD 174 million in 2023 to USD 377 million in 2024. This divergence suggests the presence of non-operating gains or other adjustments that enhanced bottom-line results despite pressures on core operating profitability. Overall, these trends imply a company that is rapidly expanding its scale and market presence, yet facing challenges in operational efficiency that warrant close monitoring. Axon’s strong revenue and gross profit growth support a fundamentally sound balance sheet, even as the operating margin volatility points to areas for further improvement in future performance.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.